Share: Crypto experts argue that US-based crypto traders are likely to trade only Bitcoin, Ethereum, Litecoin and Bitcoin Cash in the future. These four assets are being traded on the crypto exchange platform backed by Charles Schwab, Fidelity and … [Continue reading]
Bitcoin whales and sharks double down on BTC accumulation as the asset closes June at $30,469
Share: Bitcoin network’s large wallet investors, whales and sharks have scooped up 154,500 BTC over the past seven weeks. BTC closed June at $30,469, its largest monthly close in the past thirteen months, fueling a bullish thesis for the … [Continue reading]
Top 5 token unlocks worth $147 million in July: DYDX, APT, ApeCoin, Axie Infinity and Optimism
Share: Crypto tokens worth $147 million are set to unlock in July 2023 according to data from TokenUnlocks. DYDX, APT, IMX, APE, AXS and OP rank among the largest unlocks, supply ranging from 0.50% to 1.50%. Token unlocks typically … [Continue reading]
Kraken Exchange to submit customer data to IRS after Biden’s call to eliminate crypto tax loopholes
Share: The court has subpoenaed Kraken to turn over user data to the IRS, citing "legitimate purpose." The revenue service is interested in accounts holding at least $20,000 in annual crypto trading between 2016 and 2020. The move comes as … [Continue reading]
EUR/GBP Price Analysis: Slid on high UK yields, dark cloud cover formation
Share: EUR/GBP slides as UK bond yields surpass German bond yields, strengthening the Pound. From a technical perspective, the pair exhibits a neutral to downward bias, with long-term daily EMAs standing above exchange rates. The EUR/GBP must … [Continue reading]
Gold Price Forecast: XAU/USD to close a third consecutive week of losses
Share: Despite daily gains, the XAU/USD is set to close a third consecutive week of losses, near the $1,920 area. Declining yields amid soft PCE figures weakened the USD favouring Gold prices. On Friday, the gold spot XAU/USD traded with nearly … [Continue reading]
Silver Price Analysis: XAG/USD breaks structure to the downside, bears motivated
Share: Silver bears are licking their lips at key structures. The 38.2% Fibo is playing its resistance role. Silver shot up in a correction on Friday with a high of $22.844 from $22.3474 the low. The bulls are correcting the week's sell-off … [Continue reading]
Colombia National Jobless Rate came in at 10.5%, below expectations (10.7%) in May
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
India Federal Fiscal Deficit, INR increased to 2102.87B in May from previous 1335.95B
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
GBP/USD recovery fades below 1.2650 despite unimpressive UK GDP, Fed inflation eyed
Share: GBP/USD retreats from intraday high, extends bounce off fortnight low while snapping two-day downtrend. Final reading of UK Q1 GDP confirms 0.1% QoQ, 0.2% YoY figures. Hawkish Fed statements jostle with mixed BoE talks to keep Cable bears … [Continue reading]